https://www.taxtmi.com/caselaws?id=78249 The Appellate Tribunal CESTAT, NEW DELHI determined that the appellant should pay interest at the reduced rate of 15% as per the amendment by Section 127 of the Finance Act, 2003, instead of the previously prescribed 24% per annum. The Tribunal allowed the appeal, directing the appellant to pay interest at the reduced rate and waiving the penalty imposed, emphasizing the statutory provision prevailing over bond conditions in determining the correct rate of interest for recovery. en-us Thu, 11 Mar 2010 00:00:00 +0530 Thu, 11 Nov 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=78249 The Appellate Tribunal CESTAT, NEW DELHI determined that the appellant should pay interest at the reduced rate of 15% as per the amendment by Section 127 of the Finance Act, 2003, instead of the previously prescribed 24% per annum. The Tribunal allowed the appeal, directing the appellant to pay interest at the reduced rate and waiving the penalty imposed, emphasizing the statutory provision prevailing over bond conditions in determining the correct rate of interest for recovery. Case-Laws Customs Thu, 11 Mar 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=78249